This GBP/JPY 1-hour chart presents a bullish trade setup, suggesting an upward move. Here's the analysis:
Key Observations:
1. Support Zone: Price has bounced from a strong support level near 188.432 - 189.081, indicating potential buying interest.
2. Bullish Projection: The black arrow suggests an expected rise toward the 191.041 - 191.086 resistance zone.
3. Risk-Reward Setup:
Entry: Near 189.110
Take Profit (TP): Around 191.086
Stop Loss (SL): Below 188.432, ensuring risk management.
4. Market Structure: A higher low formation suggests a shift to bullish momentum.
Trade Idea:
A long (buy) position is expected to reach 191.086, provided price holds above support. A break below 188.432 may invalidate this setup.
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Key Observations:
1. Support Zone: Price has bounced from a strong support level near 188.432 - 189.081, indicating potential buying interest.
2. Bullish Projection: The black arrow suggests an expected rise toward the 191.041 - 191.086 resistance zone.
3. Risk-Reward Setup:
Entry: Near 189.110
Take Profit (TP): Around 191.086
Stop Loss (SL): Below 188.432, ensuring risk management.
4. Market Structure: A higher low formation suggests a shift to bullish momentum.
Trade Idea:
A long (buy) position is expected to reach 191.086, provided price holds above support. A break below 188.432 may invalidate this setup.
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Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.